Tourism in Turkey made a comeback in 2022. The low value of the Turkish lira has attracted tourists, yet citizens are struggling due to inflation.

Protesters have taken to the streets of Ankara and other Turkish cities after the country's currency - the lira - tumbled 15 percent against the US dollar. Many are calling for the government to resign, blaming them for the economic situation.

Turkish President Recep Tayyip Erdogan has defended his "economic vision", even as the lira continues to hover near record lows. The plunge in the value of the currency has left many families struggling to make ends meet. Also in the show: the EU outlines a new trade strategy to give it more leverage against countries that try to coerce the bloc for economic or political gain.

After hitting historic lows on Tuesday, Turkey's currency has recovered slightly. The lira has lost 40% of its value against the US dollar since the start of the year, amid a series of controversial interest rate cuts and double-digit inflation.

The Turkish lira hit new lows against the US dollar and euro. Analysts place the blame on the low interest rates and the cheap money policies preferred by President Recep Tayyip Erdogan.

Turkey's lira sunk to a new low against the US dollar on Tuesday. As the lira continues to tank, the Turkish working class suffer the brunt of the inflation.

Turkey's President Recep Tayyip Erdogan called on Turkish citizens to sell their FX savings for lira as he said the nation faces a wave of "artificial Financial Instability."

The Turkish lira continued its fall against the dollar for a sixth day, hitting a record low as a showdown continues with the U.S. over a detained American pastor.

Bloomberg's Christine Harvey reports on the latest markets and business news.